Enter your average income below to estimate applicable free-cash in all major European cities. By free-cash we mean your disposable income, left in your pocket after paying tax, rent, insurance, public transport, food expenses and basic entertainment. How does it work?

average income is
£ 2050
per

Your estimated
City
free-cash

Dresden , Germany
£769
£865
£738
£997
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
2 050
trade
-
-
-
259
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
690
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
60
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
38
total
-
-
-
1 047
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

334
-
2 050
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

60
-
60
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

1
-
38
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

9
-
690
-
total
70
-
788
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 716
2 050
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

14
17
-
-
income
257
307
-
-
trade
270
323
-
-
chamber of commerce
4
4
-
-
total
545
651
-
-
Dividends
1 170
1 398
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

16
19
-
-
withholding
289
346
-
-
total
305
365
-
-
Income
2 050
2 050
2 050
2 050
Total tax
920
1 016
788
1 047
After tax
1 130
1 034
1 262
1 003
Living cost
265
265
265
265
Free-cash
865
769
997
738

Estimated living cost  is £265 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
£838
£831
£720
£731
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
municipal
-
-
-
228
pensions
-
-
-
246
national
-
-
-
393
social contributions
-
-
-
22
total
-
-
-
889
Employee
684
-
1 772
-
municipal
84
-
236
-
pensions
27
-
71
-
national
131
-
410
-
total
242
-
717
-
Employer
684
-
1 772
-
social contributions
7
-
19
-
pensions
55
-
142
-
total
62
-
161
-
Corporate
1 259
2 050
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

252
410
-
-
total
252
410
-
-
Dividends
1 007
1 640
-
-
withholding
222
361
-
-
total
222
361
-
-
Income
2 050
2 050
2 050
2 050
Total tax
778
771
878
889
After tax
1 272
1 279
1 172
1 161
Living cost
441
441
441
441
Free-cash
831
838
731
720

Estimated living cost  is £441 per week

£300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
£1458
£1386
£569
£714
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
2 050
microenterprise
-
-
-
-
income
-
-
-
441
surtax
-
-
-
523
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

-
-
-
335
total
-
-
-
1 299
Employee
255
-
1 621
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

28
-
115
-
surtax
-
-
235
-
income
45
-
375
-
total
73
-
725
-
Employer
255
-
1 621
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

62
-
251
-
surtax
-
-
178
-
total
62
-
429
-
Corporate
1 733
2 050
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

347
410
-
-
total
347
410
-
-
Dividends

In Latvia, local dividends are not subject to withholding tax.

1 386
1 640
-
-
total
-
-
-
-
Income
2 050
2 050
2 050
2 050
Total tax
482
410
1 154
1 299
After tax
1 568
1 640
896
751
Living cost
182
182
182
182
Free-cash
1 386
1 458
714
569

Estimated living cost  is £182 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£657
£603
£730
£946
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
744
pensions
-
-
-
102
health
-
-
-
108
total
-
-
-
954
Employee
747
747
1 888
-
health
115
97
108
-
income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

122
122
366
-
pensions
134
102
102
-
total
371
321
576
-
Employer
747
747
1 888
-
unemployment
27
27
33
-
pensions
52
52
65
-
health
52
52
64
-
total
131
131
162
-
Corporate
1 182
1 173
-
-
income
236
235
-
-
total
236
235
-
-
Dividends
946
938
-
-
income
201
199
-
-
withholding
142
141
-
-
total
343
340
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 081
1 027
738
954
After tax
969
1 023
1 312
1 096
Living cost
366
366
366
366
Free-cash
603
657
946
730

Estimated living cost  is £366 per week

£260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£780
£773
£681
£671
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
municipal
-
-
-
547
accident
-
-
-
1
pensions
-
-
-
80
other
-
-
-
86
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
269
total
-
-
-
1 030
Employee
483
-
1 816
-
municipal
144
-
542
-
national
-
-
265
-
total
144
-
807
-
Employer
483
-
1 816
-
accident
1
-
1
-
other
56
-
86
-
unemployment
13
-
20
-
pensions
52
-
80
-
health
30
-
46
-
total
152
-
233
-
Corporate
1 415
2 050
-
-
income
311
451
-
-
total
311
451
-
-
Dividends
1 104
1 599
-
-
withholding
331
480
-
-
total
331
480
-
-
Income
2 050
2 050
2 050
2 050
Total tax
938
931
1 040
1 030
After tax
1 112
1 119
1 010
1 020
Living cost
339
339
339
339
Free-cash
773
780
671
681

Estimated living cost  is £339 per week

£225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£680
£802
£649
£919
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
2 050
trade
-
-
-
270
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
690
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
60
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
38
total
-
-
-
1 058
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

443
-
2 050
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

60
-
60
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

2
-
38
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

38
-
690
-
total
100
-
788
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 607
2 050
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

13
17
-
-
income
241
307
-
-
trade
264
337
-
-
chamber of commerce
4
4
-
-
total
522
665
-
-
Dividends
1 084
1 384
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

15
19
-
-
withholding
268
343
-
-
total
283
362
-
-
Income
2 050
2 050
2 050
2 050
Total tax
905
1 027
788
1 058
After tax
1 145
1 023
1 262
992
Living cost
343
343
343
343
Free-cash
802
680
919
649

Estimated living cost  is £343 per week

£230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
£1210
£1173
£1092
£1075
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
481
health
-
-
-
52
social contributions
-
-
-
141
total
-
-
-
674
Employee
672
672
1 939
-
social contributions
33
56
75
-
health
7
11
33
-
income
71
62
472
-
total
111
129
580
-
Employer
672
672
1 939
-
social contributions
33
56
75
-
health
7
12
36
-
total
40
68
111
-
Corporate
1 617
1 310
-
-
income
202
164
-
-
total
202
164
-
-
Dividends
1 415
1 146
-
-
withholding
240
195
-
-
total
240
195
-
-
Income
2 050
2 050
2 050
2 050
Total tax
593
556
691
674
After tax
1 457
1 494
1 359
1 376
Living cost
284
284
284
284
Free-cash
1 173
1 210
1 075
1 092

Estimated living cost  is £284 per week

£194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£992
£995
£1261
£1028
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
251
pensions
-
-
-
205
unemployment
-
-
-
31
health
-
-
-
143
total
-
-
-
630
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

229
91
1 715
-
health
16
6
120
-
income
28
11
210
-
pensions
23
9
172
-
unemployment
3
1
26
-
total
70
27
528
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

229
91
1 715
-
pensions
45
18
335
-
total
45
18
335
-
Corporate
1 776
1 941
-
-
income
160
175
-
-
total
160
175
-
-
Dividends
1 616
1 766
-
-
social contributions
314
343
-
-
withholding
307
336
-
-
total
621
679
-
-
Income
2 050
2 050
2 050
2 050
Total tax
896
899
863
630
After tax
1 154
1 151
1 187
1 420
Living cost
159
159
159
159
Free-cash
995
992
1 028
1 261

Estimated living cost  is £159 per week

£108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£1429
£1374
£887
£971
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
275
pensions
-
-
-
410
health
-
-
-
267
total
-
-
-
952
Employee
248
-
1 532
-
income
28
-
295
-
pensions
5
-
31
-
unemployment
4
-
25
-
total
37
-
351
-
Employer
248
-
1 532
-
unemployment
2
-
12
-
pensions
50
-
306
-
health
32
-
199
-
total
84
-
517
-
Corporate
1 718
2 050
-
-
income
344
410
-
-
total
344
410
-
-
Dividends
1 375
1 640
-
-
total
-
-
-
-
Income
2 050
2 050
2 050
2 050
Total tax
465
410
868
952
After tax
1 585
1 640
1 182
1 098
Living cost
211
211
211
211
Free-cash
1 374
1 429
971
887

Estimated living cost  is £211 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-£26
£137
£1208
£939
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
accident
-
-
-
2
income
-
-
-
590
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
650
Employee
302
-
1 877
-
health
35
-
215
-
income
41
-
464
-
pensions
34
-
67
-
total
110
-
746
-
Employer
302
-
1 877
-
accident
5
-
31
-
unemployment
7
-
46
-
pensions
49
-
96
-
total
61
-
173
-
Corporate
1 687
2 050
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

1 518
1 845
-
-
total
1 518
1 845
-
-
Dividends
169
205
-
-
withholding
32
39
-
-
total
32
39
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 721
1 884
919
650
After tax
329
166
1 131
1 400
Living cost
192
192
192
192
Free-cash
137
-26
939
1 208

Estimated living cost  is £192 per week

£141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
£1868
£1853
£1950
£1561
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
2 050
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
21
total
-
-
-
21
Employee
99
-
2 050
-
income
20
-
410
-
total
20
-
410
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

1 951
2 050
-
-
total
-
-
-
-
Dividends
1 951
2 050
-
-
withholding
98
103
-
-
total
98
103
-
-
Income
2 050
2 050
2 050
2 050
Total tax
118
103
410
21
After tax
1 932
1 947
1 640
2 029
Living cost
79
79
79
79
Free-cash
1 853
1 868
1 561
1 950

Estimated living cost  is £79 per week

£49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
£1273
£1215
£1012
£994
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
365
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

-
-
-
319
other
-
-
-
63
health
-
-
-
58
total
-
-
-
805
Employee
317
-
1 712
-
health
4
-
19
-
income
55
-
360
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

22
-
93
-
unemployment
3
-
13
-
total
84
-
485
-
Employer
317
-
1 712
-
accident
3
-
14
-
other
16
-
66
-
unemployment
3
-
13
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

54
-
226
-
health
4
-
19
-
total
80
-
338
-
Corporate
1 653
2 050
-
-
income
347
431
-
-
total
347
431
-
-
Dividends
1 306
1 619
-
-
withholding
91
113
-
-
total
91
113
-
-
Income
2 050
2 050
2 050
2 050
Total tax
602
544
823
805
After tax
1 448
1 506
1 227
1 245
Living cost
233
233
233
233
Free-cash
1 215
1 273
994
1 012

Estimated living cost  is £233 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£702
£772
£737
£555
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
640
pensions
-
-
-
89
total
-
-
-
729
Employee
826
-
1 786
-
health
14
-
24
-
income
149
-
518
-
pensions
80
-
105
-
total
243
-
647
-
Employer
826
-
1 786
-
pensions
98
-
230
-
health
16
-
34
-
total
114
-
264
-
Corporate
1 110
2 050
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

211
390
-
-
total
211
390
-
-
Dividends
899
1 660
-
-
withholding
126
374
-
-
total
126
374
-
-
Income
2 050
2 050
2 050
2 050
Total tax
694
764
911
729
After tax
1 356
1 286
1 139
1 321
Living cost
584
584
584
584
Free-cash
772
702
555
737

Estimated living cost  is £584 per week

£438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
£1638
£1597
£1547
£1632
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
307
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
388
Employee
152
-
1 990
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
199
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

13
-
27
-
total
37
-
243
-
Employer
152
-
1 990
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

17
-
34
-
health
10
-
21
-
total
30
-
60
-
Corporate
1 868
2 050
-
-
income
187
205
-
-
total
187
205
-
-
Dividends
1 682
1 845
-
-
withholding
84
92
-
-
total
84
92
-
-
Income
2 050
2 050
2 050
2 050
Total tax
338
297
303
388
After tax
1 712
1 753
1 747
1 662
Living cost
115
115
115
115
Free-cash
1 597
1 638
1 632
1 547

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£538
£560
£611
£827
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
744
pensions
-
-
-
102
health
-
-
-
108
total
-
-
-
954
Employee
810
747
1 888
-
health
101
97
108
-
income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

122
122
366
-
pensions
102
102
102
-
total
325
321
576
-
Employer
810
747
1 888
-
unemployment
29
27
33
-
pensions
56
52
65
-
health
56
52
64
-
total
141
131
162
-
Corporate
1 098
1 173
-
-
income
220
235
-
-
total
220
235
-
-
Dividends
878
938
-
-
income
187
199
-
-
withholding
132
141
-
-
total
319
340
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 005
1 027
738
954
After tax
1 045
1 023
1 312
1 096
Living cost
485
485
485
485
Free-cash
560
538
827
611

Estimated living cost  is £485 per week

£358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1202
£1127
£1011
£920
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
221
health
-
-
-
277
solidarity contribution
-
-
-
31
social contributions
-
-
-
301
total
-
-
-
830
Employee
307
-
1 644
-
social contributions
20
-
67
-
health
42
-
222
-
solidarity contribution
-
-
23
-
income
37
-
203
-
total
99
-
515
-
Employer
307
-
1 644
-
social contributions
77
-
258
-
health
28
-
148
-
total
105
-
406
-
Corporate
1 638
2 050
-
-
income
311
390
-
-
total
311
390
-
-
Dividends
1 327
1 660
-
-
withholding
199
249
-
-
total
199
249
-
-
Income
2 050
2 050
2 050
2 050
Total tax
714
639
921
830
After tax
1 336
1 411
1 129
1 220
Living cost
209
209
209
209
Free-cash
1 127
1 202
920
1 011

Estimated living cost  is £209 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£725
£678
£624
£549
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
municipal
-
-
-
13
regional
-
-
-
26
national
-
-
-
580
social contributions
-
-
-
438
total
-
-
-
1 057
Employee
777
-
2 050
-
social contributions
262
-
574
-
regional
7
-
24
-
municipal
4
-
12
-
national
135
-
522
-
total
408
-
1 132
-
Employer
777
-
2 050
-
total
-
-
-
-
Corporate
1 273
2 050
-
-
nationa
306
492
-
-
municipal
50
80
-
-
total
356
572
-
-
Dividends
918
1 478
-
-
withholding
239
384
-
-
total
239
384
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 003
956
1 132
1 057
After tax
1 047
1 094
918
993
Living cost
369
369
369
369
Free-cash
678
725
549
624

Estimated living cost  is £369 per week

£257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£1096
£1070
£770
£717
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
657
pensions
-
-
-
233
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
83
surtax
-
-
-
112
total
-
-
-
1 087
Employee
289
-
1 804
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
101
-
income
48
-
604
-
pensions
19
-
78
-
unemployment
20
-
81
-
total
95
-
894
-
Employer
289
-
1 804
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
156
-
health
13
-
53
-
total
61
-
246
-
Corporate
1 700
2 050
-
-
income
442
533
-
-
total
442
533
-
-
Dividends
1 258
1 517
-
-
withholding
189
228
-
-
total
189
228
-
-
Income
2 050
2 050
2 050
2 050
Total tax
787
761
1 140
1 087
After tax
1 263
1 289
910
963
Living cost
193
193
193
193
Free-cash
1 070
1 096
717
770

Estimated living cost  is £193 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£887
£945
£922
£740
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
640
pensions
-
-
-
89
total
-
-
-
729
Employee
554
-
1 786
-
health
8
-
24
-
income
100
-
518
-
pensions
47
-
105
-
total
155
-
647
-
Employer
554
-
1 786
-
pensions
60
-
230
-
health
11
-
34
-
total
71
-
264
-
Corporate
1 426
2 050
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

271
390
-
-
total
271
390
-
-
Dividends
1 155
1 660
-
-
withholding
209
374
-
-
total
209
374
-
-
Income
2 050
2 050
2 050
2 050
Total tax
706
764
911
729
After tax
1 344
1 286
1 139
1 321
Living cost
399
399
399
399
Free-cash
945
887
740
922

Estimated living cost  is £399 per week

£299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
£272
£557
£954
£886
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
city
-
-
-
22
pensions
-
-
-
189
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
41
regional
-
-
-
117
health
-
-
-
5
national
-
-
-
57
total
-
-
-
431
Employee
778
-
1 847
-
city
8
-
20
-
regional
25
-
105
-
health
2
-
4
-
pensions
65
-
141
-
unemployment
-
-
-
-
national
4
-
47
-
total
104
-
317
-
Employer
778
-
1 847
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

16
-
37
-
unemployment
-
-
-
-
pensions
65
-
141
-
health
2
-
4
-
total
83
-
182
-
Corporate
1 181
2 050
-
-
regional
250
434
-
-
national
100
174
-
-
total
350
608
-
-
Dividends
831
1 442
-
-
withholding
291
505
-
-
total
291
505
-
-
Income
2 050
2 050
2 050
2 050
Total tax
828
1 113
499
431
After tax
1 222
937
1 551
1 619
Living cost
665
665
665
665
Free-cash
557
272
886
954

Estimated living cost  is £665 per week

£432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£60
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£165
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
£612
£754
£580
£862
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
2 050
trade
-
-
-
282
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
690
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
60
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
38
total
-
-
-
1 070
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

525
-
2 050
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

60
-
60
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

3
-
38
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

62
-
690
-
total
125
-
788
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 525
2 050
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

13
17
-
-
income
229
307
-
-
trade
261
352
-
-
chamber of commerce
3
4
-
-
total
506
680
-
-
Dividends
1 018
1 370
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

14
19
-
-
withholding
251
339
-
-
total
265
358
-
-
Income
2 050
2 050
2 050
2 050
Total tax
896
1 038
788
1 070
After tax
1 154
1 012
1 262
980
Living cost
400
400
400
400
Free-cash
754
612
862
580

Estimated living cost  is £400 per week

£292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
£734
£786
£815
£751
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
394
pensions
-
-
-
317
other
-
-
-
64
health
-
-
-
103
surtax
-
-
-
-
social contributions
-
-
-
58
total
-
-
-
936
Employee
374
-
1 560
-
social contributions
11
-
44
-
surtax
-
-
-
-
income
22
-
347
-
pensions
42
-
119
-
total
75
-
510
-
Employer
374
-
1 560
-
other
13
-
66
-
social contributions
1
-
5
-
unemployment
15
-
63
-
pensions
61
-
199
-
health
26
-
157
-
total
116
-
490
-
Corporate
1 559
2 050
-
-
surtax
-
-
-
-
income
437
574
-
-
total
437
574
-
-
Dividends
1 123
1 476
-
-
surtax
-
-
-
-
social contributions
193
254
-
-
withholding
144
189
-
-
total
337
443
-
-
Income
2 050
2 050
2 050
2 050
Total tax
965
1 017
1 000
936
After tax
1 085
1 033
1 050
1 114
Living cost
299
299
299
299
Free-cash
786
734
751
815

Estimated living cost  is £299 per week

£189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£764
£811
£845
£781
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
394
pensions
-
-
-
317
other
-
-
-
64
health
-
-
-
103
surtax
-
-
-
-
social contributions
-
-
-
58
total
-
-
-
936
Employee
334
-
1 560
-
social contributions
10
-
44
-
surtax
-
-
-
-
income
17
-
347
-
pensions
38
-
119
-
total
65
-
510
-
Employer
334
-
1 560
-
other
12
-
66
-
social contributions
1
-
5
-
unemployment
14
-
63
-
pensions
55
-
199
-
health
23
-
157
-
total
105
-
490
-
Corporate
1 612
2 050
-
-
surtax
-
-
-
-
income
451
574
-
-
total
451
574
-
-
Dividends
1 160
1 476
-
-
surtax
-
-
-
-
social contributions
200
254
-
-
withholding
149
189
-
-
total
349
443
-
-
Income
2 050
2 050
2 050
2 050
Total tax
970
1 017
1 000
936
After tax
1 080
1 033
1 050
1 114
Living cost
269
269
269
269
Free-cash
811
764
781
845

Estimated living cost  is £269 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£1065
£1070
£1132
£1074
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
307
health
-
-
-
143
social contributions
-
-
-
283
total
-
-
-
733
Employee
296
-
2 050
-
social contributions
41
-
283
-
health
21
-
143
-
income
49
-
365
-
total
111
-
791
-
Employer
296
-
2 050
-
total
-
-
-
-
Corporate
1 754
2 050
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

88
103
-
-
total
88
103
-
-
Dividends
1 666
1 947
-
-
health
116
136
-
-
social contributions
230
269
-
-
withholding
250
292
-
-
total
596
697
-
-
Income
2 050
2 050
2 050
2 050
Total tax
795
800
791
733
After tax
1 255
1 250
1 259
1 317
Living cost
185
185
185
185
Free-cash
1 070
1 065
1 074
1 132

Estimated living cost  is £185 per week

£124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£822
£807
£740
£226
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
chamber of commerce
-
-
-
8
income
-
-
-
671
pensions
-
-
-
189
unemployment
-
-
-
54
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
1 002
Employee
437
348
1 704
-
other
4
3
10
-
health
17
13
40
-
income
50
26
566
-
pensions
45
36
105
-
unemployment
13
10
31
-
total
129
88
752
-
Employer
437
348
1 704
-
accident
6
5
13
-
other
21
17
75
-
chamber of commerce
2
1
7
-
unemployment
13
10
31
-
surtax
2
2
2
-
pensions
55
44
128
-
payroll
13
10
51
-
health
17
13
39
-
total
129
102
346
-
Corporate
1 486
1 600
1 671
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

371
400
418
-
total
371
400
418
-
Dividends
1 114
1 200
-
-
withholding
306
330
-
-
total
306
330
-
-
Income
2 050
2 050
2 050
2 050
Total tax
935
920
1 516
1 002
After tax
1 115
1 130
534
1 048
Living cost
308
308
308
308
Free-cash
807
822
226
740

Estimated living cost  is £308 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
£801
£696
£573
£373
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
national
-
-
-
830
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

-
-
-
110
social contributions
-
-
-
218
total
-
-
-
1 158
Employee

The minimum management director salary is set at €45,000 per year.

625
-
1 588
-
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

33
-
83
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

29
-
75
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

47
-
119
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

5
-
14
-
national
192
-
604
-
total
306
-
895
-
Employer

The minimum management director salary is set at €45,000 per year.

625
-
1 588
-
accident

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

8
-
21
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

9
-
23
-
surtax
71
-
180
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

55
-
141
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

38
-
98
-
total
181
-
463
-
Corporate
1 243
2 050
-
-
surtax
5
9
-
-
income
249
445
-
-
total
254
454
-
-
Dividends
989
1 596
-
-
withholding

As an investor, you can take advantage of €640 tax free allowance per year.

294
476
-
-
total
294
476
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 035
930
1 358
1 158
After tax
1 015
1 120
692
892
Living cost
319
319
319
319
Free-cash
696
801
373
573

Estimated living cost  is £319 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£1045
£985
£829
£792
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
accident
-
-
-
7
income
-
-
-
662
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
905
Employee
435
-
1 792
-
other
-
-
1
-
income
92
-
632
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
119
-
684
-
Employer
435
-
1 792
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
45
-
pensions
103
-
191
-
total
139
-
258
-
Corporate
1 476
2 050
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

221
307
-
-
total
221
307
-
-
Dividends
1 255
1 743
-
-
withholding
270
382
-
-
total
270
382
-
-
Income
2 050
2 050
2 050
2 050
Total tax
749
689
942
905
After tax
1 301
1 361
1 108
1 145
Living cost
316
316
316
316
Free-cash
985
1 045
792
829

Estimated living cost  is £316 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£679
£558
£481
£565
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
accident
-
-
-
17
income
-
-
-
394
pensions
-
-
-
307
health
-
-
-
144
surtax
-
-
-
102
communal
-
-
-
130
total
-
-
-
1 094
Employee
662
-
1 831
-
health
29
-
81
-
surtax
41
-
112
-
income
64
-
453
-
pensions
53
-
146
-
total
187
-
792
-
Employer
662
-
1 831
-
accident
6
-
16
-
pensions
53
-
146
-
health
20
-
56
-
total
79
-
218
-
Corporate
1 309
2 050
-
-
surtax
14
22
-
-
communal
88
138
-
-
income
196
307
-
-
total
298
467
-
-
Dividends
1 010
1 583
-
-
income
301
192
-
-
withholding
152
237
-
-
total
453
429
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 017
896
1 010
1 094
After tax
1 033
1 154
1 040
956
Living cost
475
475
475
475
Free-cash
558
679
565
481

Estimated living cost  is £475 per week

£356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£1093
£1067
£767
£714
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
657
pensions
-
-
-
233
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
83
surtax
-
-
-
112
total
-
-
-
1 087
Employee
294
-
1 804
-
other
-
-
-
-
health
8
-
30
-
surtax
1
-
101
-
income
49
-
604
-
pensions
20
-
78
-
unemployment
20
-
81
-
total
98
-
894
-
Employer
294
-
1 804
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
156
-
health
13
-
53
-
total
61
-
246
-
Corporate
1 694
2 050
-
-
income
440
533
-
-
total
440
533
-
-
Dividends
1 253
1 517
-
-
withholding
188
228
-
-
total
188
228
-
-
Income
2 050
2 050
2 050
2 050
Total tax
787
761
1 140
1 087
After tax
1 263
1 289
910
963
Living cost
196
196
196
196
Free-cash
1 067
1 093
714
767

Estimated living cost  is £196 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£842
£821
£751
£677
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
municipal
-
-
-
13
regional
-
-
-
33
national
-
-
-
580
social contributions
-
-
-
438
total
-
-
-
1 064
Employee
485
-
2 050
-
social contributions
164
-
574
-
regional
7
-
30
-
municipal
3
-
12
-
national
77
-
522
-
total
251
-
1 138
-
Employer
485
-
2 050
-
total
-
-
-
-
Corporate
1 565
2 050
-
-
nationa
376
492
-
-
municipal
78
102
-
-
total
454
594
-
-
Dividends
1 112
1 456
-
-
withholding
289
379
-
-
total
289
379
-
-
Income
2 050
2 050
2 050
2 050
Total tax
994
973
1 138
1 064
After tax
1 056
1 077
912
986
Living cost
235
235
235
235
Free-cash
821
842
677
751

Estimated living cost  is £235 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£1153
£1062
£962
£871
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
221
health
-
-
-
277
solidarity contribution
-
-
-
31
social contributions
-
-
-
301
total
-
-
-
830
Employee
379
-
1 644
-
social contributions
25
-
67
-
health
51
-
222
-
solidarity contribution
-
-
23
-
income
45
-
203
-
total
121
-
515
-
Employer
379
-
1 644
-
social contributions
95
-
258
-
health
34
-
148
-
total
129
-
406
-
Corporate
1 542
2 050
-
-
income
293
390
-
-
total
293
390
-
-
Dividends
1 249
1 660
-
-
withholding
187
249
-
-
total
187
249
-
-
Income
2 050
2 050
2 050
2 050
Total tax
730
639
921
830
After tax
1 320
1 411
1 129
1 220
Living cost
258
258
258
258
Free-cash
1 062
1 153
871
962

Estimated living cost  is £258 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£853
£849
£771
£257
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
chamber of commerce
-
-
-
8
income
-
-
-
671
pensions
-
-
-
189
unemployment
-
-
-
54
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
1 000
Employee
382
348
1 706
-
other
4
3
10
-
health
15
13
40
-
income
34
26
566
-
pensions
39
36
105
-
unemployment
11
10
31
-
total
103
88
752
-
Employer
382
348
1 706
-
accident
5
5
13
-
other
18
17
75
-
chamber of commerce
2
1
7
-
unemployment
11
10
31
-
surtax
-
-
-
-
pensions
48
44
128
-
payroll
11
10
51
-
health
14
13
39
-
total
109
100
344
-
Corporate
1 558
1 601
1 673
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

389
400
418
-
total
389
400
418
-
Dividends
1 168
1 201
-
-
withholding
321
330
-
-
total
321
330
-
-
Income
2 050
2 050
2 050
2 050
Total tax
922
918
1 514
1 000
After tax
1 128
1 132
536
1 050
Living cost
279
279
279
279
Free-cash
849
853
257
771

Estimated living cost  is £279 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
£1824
£1801
£1906
£1517
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
2 050
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
21
total
-
-
-
21
Employee
154
-
2 050
-
income
31
-
410
-
total
31
-
410
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

1 896
2 050
-
-
total
-
-
-
-
Dividends
1 896
2 050
-
-
withholding
95
103
-
-
total
95
103
-
-
Income
2 050
2 050
2 050
2 050
Total tax
126
103
410
21
After tax
1 924
1 947
1 640
2 029
Living cost
123
123
123
123
Free-cash
1 801
1 824
1 517
1 906

Estimated living cost  is £123 per week

£84
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£1178
£1103
£709
£665
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
2 050
income
-
-
-
528
pensions
-
-
-
374
unemployment
-
-
-
3
health
-
-
-
202
total
-
-
-
1 107
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

387
-
1 774
-
health
25
-
115
-
income
67
-
483
-
pensions
60
-
275
-
unemployment
1
-
2
-
total
153
-
875
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

387
-
1 774
-
unemployment
-
-
1
-
pensions
34
-
157
-
health
26
-
118
-
total
60
-
276
-
Corporate
1 603
2 050
-
-
income
305
389
-
-
total
305
389
-
-
Dividends
1 299
1 661
-
-
withholding
195
249
-
-
total
195
249
-
-
Income
2 050
2 050
2 050
2 050
Total tax
713
638
1 151
1 107
After tax
1 337
1 412
899
943
Living cost
234
234
234
234
Free-cash
1 103
1 178
665
709

Estimated living cost  is £234 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£868
£449
£1037
£1556
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
400
social contributions
-
-
-
234
total
-
-
-
634
Employee
544
-
-
-
social contributions
45
-
6
-
income
120
-
-
-
total
165
-
6
-
Employer
544
-
-
-
social contributions
767
-
109
-
total
767
-
109
-
Corporate
740
2 050
-
-
income
163
451
-
-
total
163
451
-
-
Dividends
577
1 599
-
-
income
127
352
-
-
total
127
352
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 222
803
115
634
After tax
828
1 247
1 935
1 416
Living cost
379
379
379
379
Free-cash
449
868
1 556
1 037

Estimated living cost  is £379 per week

£246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£892
£884
£792
£628
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
2 050
income
-
-
-
272
surtax
-
-
-
-
social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

-
-
-
712
total
-
-
-
984
Employee
402
-
1 657
-
social contributions
44
-
182
-
surtax
-
-
4
-
income
84
-
569
-
total
128
-
755
-
Employer
402
-
1 657
-
social contributions
95
-
393
-
total
95
-
393
-
Corporate
1 552
2 050
-
-
surtax
-
-
-
-
income
326
431
-
-
total
326
431
-
-
Dividends
1 226
1 619
-
-
withholding
343
453
-
-
total
343
453
-
-
Income
2 050
2 050
2 050
2 050
Total tax
892
884
1 148
984
After tax
1 158
1 166
902
1 066
Living cost
274
274
274
274
Free-cash
884
892
628
792

Estimated living cost  is £274 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£611
£670
£692
£628
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
394
pensions
-
-
-
317
other
-
-
-
64
health
-
-
-
103
surtax
-
-
-
-
social contributions
-
-
-
58
total
-
-
-
936
Employee
548
-
1 560
-
social contributions
16
-
44
-
surtax
-
-
-
-
income
48
-
347
-
pensions
62
-
119
-
total
126
-
510
-
Employer
548
-
1 560
-
other
19
-
66
-
social contributions
2
-
5
-
unemployment
22
-
63
-
pensions
90
-
199
-
health
38
-
157
-
total
171
-
490
-
Corporate
1 331
2 050
-
-
surtax
-
-
-
-
income
373
574
-
-
total
373
574
-
-
Dividends
959
1 476
-
-
surtax
-
-
-
-
social contributions
165
254
-
-
withholding
123
189
-
-
total
288
443
-
-
Income
2 050
2 050
2 050
2 050
Total tax
958
1 017
1 000
936
After tax
1 092
1 033
1 050
1 114
Living cost
422
422
422
422
Free-cash
670
611
628
692

Estimated living cost  is £422 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1582
£1552
£1229
£1284
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
107
social contributions
-
-
-
451
total
-
-
-
558
Employee
281
-
1 775
-
income
-
-
113
-
social contributions
18
-
115
-
total
18
-
228
-
Employer
281
-
1 775
-
social contributions
44
-
275
-
total
44
-
275
-
Corporate
1 725
2 050
-
-
income
173
205
-
-
total
173
205
-
-
Dividends
1 553
1 845
-
-
total
-
-
-
-
Income
2 050
2 050
2 050
2 050
Total tax
235
205
503
558
After tax
1 815
1 845
1 547
1 492
Living cost
263
263
263
263
Free-cash
1 552
1 582
1 284
1 229

Estimated living cost  is £263 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
£146
£83
£759
£146
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
municipal
-
-
-
442
pensions
-
-
-
8
national
-
-
-
257
labour market
-
-
-
163
total
-
-
-
870
Employee
1 777
1 777
1 777
-
labour market
142
142
142
-
national
217
217
217
-
municipal
378
378
378
-
pensions
3
3
3
-
total
740
740
740
-
Employer
1 777
1 777
1 777
-
labour market
142
142
142
-
municipal
379
379
379
-
pensions
5
5
5
-
national
217
217
217
-
total
743
743
743
-
Corporate
145
-
-
-
income
32
-
-
-
total
32
-
-
-
Dividends
113
-
-
-
withholding
31
-
-
-
total
31
-
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 546
1 483
1 483
870
After tax
504
567
567
1 180
Living cost
421
421
421
421
Free-cash
83
146
146
759

Estimated living cost  is £421 per week

£288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£23
£138
£1211
£942
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
accident
-
-
-
2
income
-
-
-
590
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
650
Employee
297
-
1 877
-
health
34
-
215
-
income
41
-
464
-
pensions
33
-
67
-
total
108
-
746
-
Employer
297
-
1 877
-
accident
5
-
31
-
unemployment
7
-
46
-
pensions
48
-
96
-
total
60
-
173
-
Corporate
1 692
2 050
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

1 523
1 845
-
-
total
1 523
1 845
-
-
Dividends
169
205
-
-
withholding
32
39
-
-
total
32
39
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 723
1 884
919
650
After tax
327
166
1 131
1 400
Living cost
189
189
189
189
Free-cash
138
-23
942
1 211

Estimated living cost  is £189 per week

£138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
£917
£944
£912
£678
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
2 050
municipal
-
-
-
364
health
-
-
-
28
national
-
-
-
410
total
-
-
-
802
Employee
460
-
1 725
-
health
3
-
23
-
municipal
75
-
281
-
pensions
31
-
116
-
unemployment
7
-
26
-
national
8
-
265
-
total
124
-
711
-
Employer
460
-
1 725
-
accident
-
-
2
-
unemployment
3
-
11
-
pensions
80
-
299
-
health
4
-
13
-
total
87
-
325
-
Corporate
1 503
2 050
-
-
income
301
410
-
-
total
301
410
-
-
Dividends

Finish residents use 75% of income from dividends as a base for income tax.

902
1 230
-
-
national
96
166
-
-
municipal
162
221
-
-
total
258
387
-
-
Income
2 050
2 050
2 050
2 050
Total tax
770
797
1 036
802
After tax
1 280
1 253
1 014
1 248
Living cost
336
336
336
336
Free-cash
944
917
678
912

Estimated living cost  is £336 per week

£219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1292
£1245
£1174
£1157
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
481
health
-
-
-
52
social contributions
-
-
-
141
total
-
-
-
674
Employee
672
672
1 939
-
social contributions
25
56
75
-
health
5
11
33
-
income
73
62
472
-
total
103
129
580
-
Employer
672
672
1 939
-
social contributions
25
56
75
-
health
6
12
36
-
total
31
68
111
-
Corporate
1 713
1 310
-
-
income
214
164
-
-
total
214
164
-
-
Dividends
1 499
1 146
-
-
withholding
255
195
-
-
total
255
195
-
-
Income
2 050
2 050
2 050
2 050
Total tax
603
556
691
674
After tax
1 447
1 494
1 359
1 376
Living cost
202
202
202
202
Free-cash
1 245
1 292
1 157
1 174

Estimated living cost  is £202 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1558
£1513
£1610
£1435
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
2 050
income
-
-
-
213
pensions
-
-
-
56
unemployment
-
-
-
-
health
-
-
-
32
total
-
-
-
301
Employee

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

201
-
1 965
-
health
17
-
71
-
income
14
-
191
-
pensions
30
-
124
-
unemployment
1
-
4
-
total
62
-
390
-
Employer

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

201
-
1 965
-
unemployment
1
-
4
-
pensions
11
-
46
-
health
9
-
36
-
total
21
-
86
-
Corporate
1 829
2 050
-
-
income
165
185
-
-
total
165
185
-
-
Dividends
1 664
1 865
-
-
withholding
150
168
-
-
total
150
168
-
-
Income
2 050
2 050
2 050
2 050
Total tax
398
353
476
301
After tax
1 652
1 697
1 574
1 749
Living cost
139
139
139
139
Free-cash
1 513
1 558
1 435
1 610

Estimated living cost  is £139 per week

£89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£1121
£1082
£905
£868
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
accident
-
-
-
7
income
-
-
-
662
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
905
Employee
323
-
1 792
-
other
-
-
1
-
income
62
-
632
-
pensions
15
-
38
-
unemployment
5
-
13
-
total
82
-
684
-
Employer
323
-
1 792
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
45
-
pensions
76
-
191
-
total
103
-
258
-
Corporate
1 624
2 050
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

244
307
-
-
total
244
307
-
-
Dividends
1 380
1 743
-
-
withholding
299
382
-
-
total
299
382
-
-
Income
2 050
2 050
2 050
2 050
Total tax
728
689
942
905
After tax
1 322
1 361
1 108
1 145
Living cost
240
240
240
240
Free-cash
1 082
1 121
868
905

Estimated living cost  is £240 per week

£162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1255
£1252
£1295
£1292
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
701
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
731
Employee
36
-
2 030
-
health
2
-
4
-
income
7
-
701
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
714
-
Employer
36
-
2 030
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
2 005
2 050
-
-
income
441
451
-
-
total
441
451
-
-
Dividends
1 564
1 599
-
-
withholding
313
320
-
-
total
313
320
-
-
Income
2 050
2 050
2 050
2 050
Total tax
774
771
734
731
After tax
1 276
1 279
1 316
1 319
Living cost
24
24
24
24
Free-cash
1 252
1 255
1 292
1 295

Estimated living cost  is £24 per week

£14
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£1331
£1287
£1178
£1179
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

-
-
-
2 050
income
-
-
-
476
pensions
-
-
-
168
unemployment
-
-
-
10
health
-
-
-
67
total
-
-
-
721
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

228
-
1 934
-
health
12
-
33
-
income
31
-
476
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
604
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

228
-
1 934
-
unemployment
2
-
5
-
pensions
27
-
78
-
health
12
-
33
-
total
41
-
116
-
Corporate
1 781
2 050
-
-
income
267
307
-
-
total
267
307
-
-
Dividends
1 514
1 743
-
-
withholding
227
261
-
-
total
227
261
-
-
Income
2 050
2 050
2 050
2 050
Total tax
612
568
720
721
After tax
1 438
1 482
1 330
1 329
Living cost
151
151
151
151
Free-cash
1 287
1 331
1 179
1 178

Estimated living cost  is £151 per week

£102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£930
£927
£830
£666
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
2 050
income
-
-
-
272
surtax
-
-
-
-
social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

-
-
-
712
total
-
-
-
984
Employee
339
-
1 657
-
social contributions
37
-
182
-
surtax
-
-
4
-
income
66
-
569
-
total
103
-
755
-
Employer
339
-
1 657
-
social contributions
81
-
393
-
total
81
-
393
-
Corporate
1 630
2 050
-
-
surtax
-
-
-
-
income
342
431
-
-
total
342
431
-
-
Dividends
1 288
1 619
-
-
withholding
361
453
-
-
total
361
453
-
-
Income
2 050
2 050
2 050
2 050
Total tax
887
884
1 148
984
After tax
1 163
1 166
902
1 066
Living cost
236
236
236
236
Free-cash
927
930
666
830

Estimated living cost  is £236 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£1054
£997
£838
£801
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
accident
-
-
-
7
income
-
-
-
662
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
905
Employee
422
-
1 792
-
other
-
-
1
-
income
88
-
632
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
115
-
684
-
Employer
422
-
1 792
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
45
-
pensions
100
-
191
-
total
134
-
258
-
Corporate
1 493
2 050
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

224
307
-
-
total
224
307
-
-
Dividends
1 269
1 743
-
-
withholding
273
382
-
-
total
273
382
-
-
Income
2 050
2 050
2 050
2 050
Total tax
746
689
942
905
After tax
1 304
1 361
1 108
1 145
Living cost
307
307
307
307
Free-cash
997
1 054
801
838

Estimated living cost  is £307 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£1603
£1550
£1512
£1597
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
307
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
388
Employee
199
-
1 990
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
199
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

17
-
27
-
total
48
-
243
-
Employer
199
-
1 990
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

22
-
34
-
health
14
-
21
-
total
39
-
60
-
Corporate
1 812
2 050
-
-
income
181
205
-
-
total
181
205
-
-
Dividends
1 631
1 845
-
-
withholding
82
92
-
-
total
82
92
-
-
Income
2 050
2 050
2 050
2 050
Total tax
350
297
303
388
After tax
1 700
1 753
1 747
1 662
Living cost
150
150
150
150
Free-cash
1 550
1 603
1 597
1 512

Estimated living cost  is £150 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£718
£830
£688
£924
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
2 050
trade
-
-
-
236
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
690
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
60
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
38
total
-
-
-
1 024
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

435
-
2 050
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

60
-
60
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

2
-
38
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

36
-
690
-
total
98
-
788
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 615
2 050
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

13
17
-
-
income
242
307
-
-
trade
232
294
-
-
chamber of commerce
4
4
-
-
total
491
622
-
-
Dividends
1 124
1 427
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

15
19
-
-
withholding
278
353
-
-
total
293
372
-
-
Income
2 050
2 050
2 050
2 050
Total tax
882
994
788
1 024
After tax
1 168
1 056
1 262
1 026
Living cost
338
338
338
338
Free-cash
830
718
924
688

Estimated living cost  is £338 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
£937
£956
£522
£522
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
676
social contributions
-
-
-
354
total
-
-
-
1 030
Employee
684
-
2 050
-
income
129
-
676
-
social contributions
57
-
354
-
total
186
-
1 030
-
Employer
684
-
2 050
-
total
-
-
-
-
Corporate
1 366
2 050
-
-
income
171
256
-
-
total
171
256
-
-
Dividends
1 195
1 794
-
-
withholding
239
359
-
-
total
239
359
-
-
Income
2 050
2 050
2 050
2 050
Total tax
596
615
1 030
1 030
After tax
1 454
1 435
1 020
1 020
Living cost
498
498
498
498
Free-cash
956
937
522
522

Estimated living cost  is £498 per week

£379
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
£970
£1000
£1367
£1110
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 050
income
-
-
-
307
health

This is an average price for a private worldwide health insurance. The price will vary depending on your age and health condition.

-
-
-
59
total
-
-
-
366
Employee
401
-
2 010
-
income
44
-
543
-
social contributions
40
-
40
-
total
84
-
583
-
Employer
401
-
2 010
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 609
2 050
-
-
income
563
717
-
-
total
563
717
-
-
Dividends
1 046
1 333
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 050
2 050
2 050
2 050
Total tax
733
763
623
366
After tax
1 317
1 287
1 427
1 684
Living cost
317
317
317
317
Free-cash
1 000
970
1 110
1 367

Estimated living cost  is £317 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£962
£1014
£997
£815
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
income
-
-
-
640
pensions
-
-
-
89
total
-
-
-
729
Employee
445
-
1 786
-
health
6
-
24
-
income
81
-
518
-
pensions
34
-
105
-
total
121
-
647
-
Employer
445
-
1 786
-
pensions
45
-
230
-
health
8
-
34
-
total
53
-
264
-
Corporate
1 551
2 050
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

295
390
-
-
total
295
390
-
-
Dividends
1 257
1 660
-
-
withholding
243
374
-
-
total
243
374
-
-
Income
2 050
2 050
2 050
2 050
Total tax
712
764
911
729
After tax
1 338
1 286
1 139
1 321
Living cost
324
324
324
324
Free-cash
1 014
962
815
997

Estimated living cost  is £324 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-£42
£135
£1192
£923
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
accident
-
-
-
2
income
-
-
-
590
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
650
Employee
327
-
1 877
-
health
37
-
215
-
income
45
-
464
-
pensions
37
-
67
-
total
119
-
746
-
Employer
327
-
1 877
-
accident
5
-
31
-
unemployment
8
-
46
-
pensions
53
-
96
-
total
66
-
173
-
Corporate
1 657
2 050
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

1 491
1 845
-
-
total
1 491
1 845
-
-
Dividends
166
205
-
-
withholding
31
39
-
-
total
31
39
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 707
1 884
919
650
After tax
343
166
1 131
1 400
Living cost
208
208
208
208
Free-cash
135
-42
923
1 192

Estimated living cost  is £208 per week

£152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

Close
Skopje , Macedonia
£1450
£1424
£1202
£1394
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
2 050
work injury
-
-
-
7
health insurance
-
-
-
103
income
-
-
-
346
pensions
-
-
-
257
unemployment
-
-
-
17
total
-
-
-
730
Employee

Minimal social contribution is 50% of an average salary to a maximum of six average salaries.

189
-
2 050
-
work injury
1
-
3
-
income
19
-
346
-
pensions
35
-
129
-
health insurance
14
-
52
-
unemployment
2
-
8
-
total
71
-
538
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 861
2 050
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

186
205
-
-
total
186
205
-
-
Dividends
1 675
1 845
-
-
withholding
251
277
-
-
total
251
277
-
-
Income
2 050
2 050
2 050
2 050
Total tax
508
482
538
730
After tax
1 542
1 568
1 512
1 320
Living cost
118
118
118
118
Free-cash
1 424
1 450
1 394
1 202

Estimated living cost  is £118 per week

£73
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
£732
£694
£618
£547
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
2 050
municipal
-
-
-
15
regional
-
-
-
51
national
-
-
-
580
social contributions
-
-
-
438
total
-
-
-
1 084
Employee
737
-
2 050
-
social contributions
248
-
574
-
regional
11
-
46
-
municipal
4
-
13
-
national
124
-
522
-
total
387
-
1 155
-
Employer
737
-
2 050
-
total
-
-
-
-
Corporate
1 313
2 050
-
-
nationa
315
492
-
-
municipal
63
99
-
-
total
378
591
-
-
Dividends
935
1 459
-
-
withholding
243
379
-
-
total
243
379
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 008
970
1 155
1 084
After tax
1 042
1 080
895
966
Living cost
348
348
348
348
Free-cash
694
732
547
618

Estimated living cost  is £348 per week

£245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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